Maximizing Returns for Investors...CIBC 2012 Whistler Institutional Investor Conference January 20, 2012 . Cautionary Statement This presentation contains forward-looking statements

TSX: IMG NYSE: IAG TSX: IMG NYSE: IAG

Steve Letwin President & CEO

Maximizing Returns for Investors CIBC 2012 Whistler Institutional Investor Conference

January 20, 2012

Cautionary Statement

This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or

developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation,

statements regarding expected, estimated or planned gold and niobium production, cash costs, margin expansion, capital

expenditures and exploration expenditures and statements regarding the estimation of mineral resources, exploration results,

potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking

statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”,

“believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to

control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking

statements. Factors that could cause actual results or events to differ materially from current expectations include, among other

things, without limitation, failure to meet expected, estimated or planned gold and niobium production, cash costs, margin

expansion, capital expenditures and exploration expenditures and failure to establish estimated mineral resources, the possibility

that future exploration results will not be consistent with the Company's expectations, changes in world gold markets and other risks

disclosed in IAMGOLD’s most recent Form 40-F/Annual Information Form on file with the United States Securities and Exchange

Commission and Canadian provincial securities regulatory authorities. Any forward-looking statement speaks only as of the date on

which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to

update any forward-looking statement.

The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to

disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this

presentation, such as "mineral resources" , that the SEC guidelines strictly prohibit us from including in our filings with the SEC.

U.S. investors are urged to consider closely the disclosure in the IAMGOLD Annual Report on Form 40-F. A copy of the 2010 Form

40-F is available to shareholders, free of charge, upon written request addressed to the Investor Relations Department.

Total Resources includes all categories of resources unless indicated otherwise.

All currency numbers are in US$ unless otherwise stated.

2

Westwood

MOUSKA

Quimsacocha

ROSEBEL

YATELA SADIOLA

Boto Siribaya

Kalana NIOBEC

IAMGOLD’s Platform – High Quality, Long-Life Assets

3 Natural extensions with significant expansion potential

MINE

Development Project

Advanced Exploration

Exploration Office

ESSAKANE

Brazil

Suriname

Senegal

Burkina Faso

Colombia

Val d’Or

Mali

Peru

//upload.wikimedia.org/wikipedia/commons/e/ea/Schlaegel_und_eisen-sign_of_mining.svg







109 33 24

224

178 150

392

395 385

122

337 214 239

76

'09 '10 '11 '12E '13E '14E

Discontinued operations

Essakane (90%)

Rosebel (95%)

Sadiola (41%) & Yatela (40%)

Mouska

Gold Production Forecast

4

00

0s

oz

Sustaining annual production of ~1 million ounces of gold

939 967 972

840-910

1,000-1,100

Gold production attributable to IAMGOLD

1,000-1,100

Considerable Financial Flexibility

$1.7B available at end of Q3

Significant positive cash flow

$1B shelf prospectus

Zero debt

5

$ M

illi

on

s

Well positioned to invest in our future

100

at Q3'11

Credit Facilityavailable

MarketableSecurities

Cash & Bullion1,220

1 Available undrawn portion, credit facility expiring April 2013 2 Includes $16.8M in shares of Galane Gold from the sale of Mupane in August 2011 3 Bullion at market value

1

2

1,670

350

3

Dividends have increased 317% since December 2010

6 Growing dividends while investing in growth

$0.06 $0.08

$0.20

$0.25

$-

$0.05

$0.10

$0.15

$0.20

$0.25

$0.30

Previous Jan 14 2011 Jul 20 2011 Jan 5 2012

Dividends paid per Share

First Date Payable

$ U

S

Growth Strategy

7

Increase productivity

Expand and optimize existing mines

Evaluate acquisition opportunities

Pursue exploration plays

Surface full value of Niobec

Exploit rare earth potential

Focused on maximizing return on capital

Current Rosebel Expansion Focused on Optimizing Open Pit Mine

8 Reserves continue to outpace depletion

Based on 2010 SRDP Base Case Expansion

Mine Life 18 years 11 years

Processing Rate 12 Mtpa

declining to 6 Mtpa 12-14 Mtpa

Nominal Mining Rate 55 Mtpa

declining to 35 Mtpa 70-75 Mtpa

Strip Ratio

(Waste:Ore) 4.0 4.0

Annual Gold

Production

400 koz

declining to 200-250 koz 400-450 koz

Accelerated

production

reduces costs

and brings

cash flow

forward

4th expansion in 7 years

Future Expansion potential at Rosebel is Significant

9

ROSEBEL Suriname

Rosebel resources

Charmagne West

Charmagne

Headley’s

Reef

Areas being considered

for next expansion:

Charmagne

West Charmagne

Headley’s Reef

Announced Heads of Agreement

with Government of Suriname on

Dec. 21’11 to support significant

expansion at Rosebel

Agreement in principle with Surinamese Government

Mine Lease – Essakane Main Zone (EMZ)

10 Significant exploration potential at Essakane

Aeolian Sand TSF

Airstrip

East dump

West dump

Falagountou

EMZ

EMZ south extension

(exploration)

EMZ north extension

(exploration)

Orpaillage outline

Alluvium/Aeolian sand

Resource Drilling

Resource Drilling

11

Current Essakane Expansion will Double Hard Rock Processing

Based on 2010 SRDP Base Case Expansion

Processing Rate Soft rock: 9 Mtpa first 3 yrs,

then Hard rock: 5.4 Mtpa

Soft rock: 9 Mtpa first 3 yrs,

then Hard rock: 10.8 Mtpa

Nominal Mining

Rate

30 Mtpa

declining to 14 Mtpa

40 Mtpa


Strip Ratio

(Waste:Ore) 3.3 3.0

Annual Gold

Production

Up to 425 koz

declining to 200-250 koz

Up to 450 koz

averaging 350 koz

% Tonnes

Meas. & Ind. 73% 70%

% Tonnes

Inferred 22% 25%

% Tonnes

Blue Sky 5% 5%

Accelerated

production

reduces

costs and

brings cash

flow forward

Completion of Feasibility study & construction start Q1’12

12

Sadiola Sulphides Expansion Plan

Mining hard sulphide ore will double mine life

Based on Interim FS Base Case Expansion

Mine Life 8 years 15 years

Processing Rate 4.6-5.0 Mtpa 7.5-8.5 Mtpa

Nominal Mining Rate 25-30 Mtpa 50-60 Mtpa


Strip Ratio

(Waste:Ore) 4.5 3.4

Annual Gold

Production

300-325 koz

declining to 250-275 koz 350-450 koz

Sadiola Sulphide Project Interim Feasibility Study (Dec. 2010)

Power rates resolved

Agreement on power line construction

Same fiscal treatment as a “new mine”

On-going Development

Commenced detailed engineering

Project permit received from Government

Long-lead equipment ordered

Feasibility study in final stage

IAMGOLD initiated

the sulphide

project which will

increase the

throughput,

annual production

and extend mine

life

13

Project Development Timelines

Rosebel

Expansion

2011 2012 2013 2014 2015

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Construction

Commissioning/

Production

Construction

Commissioning/

Production

SRDP 2011

Prefeasibility

Essakane

Expansion

2011 2012 2013 2014 2015


Feasibility Study

Construction

Commissioning/Prod.

Sadiola Sulphides 2011 2012 2013 2014 2015


Feasibility Study

Construction

Commissioning/Prod.

GR

IND

ING

CIR

CU

IT

GR

AV

ITY

CIR

CU

IT

Multiple brownfield expansion projects underway

FU

TU

RE

EX

PA

NS

ION

Westwood Development Project

14 On schedule for 2013 start-up

Quebec

IAMGOLD: 100% Ownership

2012 Expenditures $220M Deepening the shaft

Developing drift levels for future mining

Building up an ore stockpile

Indicated Resources1

Inferred Resources1

269,000 oz

3,467,000 oz

LOM Average Annual Production 180,000-200,000 oz

1Indicated and Inferred Resources as at Dec. 31, 2010

Active Exploration Areas

2012 Exploration Budget

Brownfields

$47M

Greenfields

$83M

Quebec Mali

Burkina

Faso

Senegal

$130M

Exploration Office

Brazil

Colombia

Peru

Suriname

15

Proven Acquisition Strategy

Acquisitions from 2003-2009

Essakane

Rosebel

Doyon/Mouska/Westwood

Niobec

Mupane

Tarkwa & Damang

Prospective exploration lands

16 Focused on increasing shareholder value

Cost of

Acquisitions

$1.9B

Capital

Spend

$1.1B

2011 Analyst Consensus NAV of Assets acquired by IAMGOLD

(as at Sept.’11)

~ $7.5B

Operating

Cash Flow

$1.3B

Asset

Sales

$0.9B

Asset

sales

include

Mupane,

Tarkwa &

Damang

Operating

cash flow

generated

from acquired

assets up to

Dec. 31, 2010

Track Record of Building Value

ESTABLISHED PRESENCE

> Regional continuity

> Social and fiscal stability

> Long-term prospectivity and

opportunities

150,000+ oz of gold/yr

2,000,000+ oz Reserves

VARIOUS STAGE PROJECTS

> Operating Mine

> Development Project

> Exploration

Acquisition Criteria

Niobium Mine has Significant Expansion Potential

Strong industrial base, sound

infrastructure

Operating for 30+ years

PEA (NI 43-101) confirmed ~700%

increase in resources and potential

tripling of production

Remaining mine life 40+ years

Employment and economic benefits

Self funding

Pre-feasibility study assessing alternate

bulk mining methods – completed Q1’12

After-tax NAV $1.6-$2.0B

17 Only major producer in North America; 1 of 3 globally

Quebec

1Reserves as at Dec. 31, 2010 2M&I Resources includes Reserves as confirmed in the Independent Technical Report by Rosco Postle Associates filed on June 20, 2011 3Inferred Resources as confirmed in the Independent Technical Report by Rosco Postle Associates filed on June 20, 2011


P&P Reserves1 (Mkg Nb2O5)

M&I Resources2 (Mkg Nb2O5)

Inferred Resources3 (Mkg Nb2O5)

243.8

1,927.4

1,240.4

Q3’11 YTD Grade (%Nb2O5) 0.57%

Q3’11 YTD Production (Mkg Nb)

2011 Production (Mkg Nb)

3.4

4.6

Q3’11 YTD Operating Margin $14 /kg

Remaining Mine Life (E) 40+ years

Niobec

Inc.

Niobium Provides Significant Benefits to Steel Industry

18 Stronger, lighter weight, more durable and flexible steel

Increased Fuel efficiency

5% km/l

Cost Reduction

$25 M

100 kg reduction in

weight

15,000 t reduction in

weight

19

Rare Earth Element Potential Near Niobec

Mineralization begins very near surface

Rare earth elements

Existing block model and shaft

Shaft

› Results from 4 hole drill

program completed Mar.’11

confirmed historic results

› Assay results from 18

additional holes expected

mid-late February

Excellent Infrastructure Surrounding Potential REE Project

20

REEs

Port

NIOBEC

QUÉBEC

Rail Line

St-Honoré

Saguenay

10km

N

Hydro power in Quebec is at

very competitive rates

(~$0.045 per kWh)

Niobec expansion will

require a new substation with

extension of the 161 kV line

by Hydro Quebec and the

installation of two new 60/80

MVA transformers

Sufficient capacity to handle

the 80 MW required by the

new plant

Source on Power: Technical Report on Expansion Options at the

Niobec Mine, June 17, 2011, compiled by Roscoe Postle

Associates Inc.


10 10

70

160

70

220 50

30

160

140

250

330

220

60

2012 2013 2014

Essakane

Rosebel

Westwood

Sadiola

Other

Planned Capital Expenditures for Gold Operations

21 Significant investment in brownfield growth

2012 Capital Expenditure $

Mil

lio

ns

790

580

410

$millions Capitalized Stripping

2012 2013 2014 Total 3

years

Essakane 50 40 40 130

Rosebel - 20 50 70

Sadiola 15 50 50 115

Total 65 110 140 315 Capex data includes Capitalized Stripping

Details

Essakane - Assumes positive decision on expansion feasibility study

- Additional water storage pond and river diversion

- Additional power generation for hard ore

Rosebel - Crushing & grinding circuit expansion, resource

development

- $24M sustaining capital

- Includes $34 million of carry-over from 2011

Sadiola - Assumes positive production decision for Sadiola

Sulphides project

- $10M sustaining capital

Westwood - Deepening shaft, developing drift levels for future mining

and building up ore stockpile in 2012, and mill

refurbishment

Planned Capital and Potential Funding Sources for Niobec

22 Niobec expansion will be self-funding

$ M

illi

on

s

90

320

540

2012 2013 2014

3

Sale of 10-20% minority interest

Niobec Free Cash Flow

Niobec credit facility

Niobec IPO

After-tax NAV

of Niobec:

$1.6B-$2.0B

Planned Capital Expenditure

Funding for Growth Initiatives

23

1Operating Cash Flow net of Corporate G&A and Exploration

$0.9B

Capital Expenditures

(2012E-2014E)

Funding

Sources

Cash Flow (2012E-2014E)

Credit Facility

Strategic Sale

Gold Operations Niobium Operation

IPO

Westwood

Essakane

Sadiola

Rosebel

$42M Capital Expenditures

(2012E-2014E)

Operating Cash Flow1

(2012E-2014E)

$2.5B

@ $2,000/oz

$2.0B

@ $1,700/oz

$1.7B

@ $1,500/oz

$0.6B

$0.3B

$0.6B

$0.3B

$1.8B

Potential

Cash Flows2

(2015E-2017E)

$0.6B to $0.8B

2Operating cash flow, based on preliminary scoping study and assuming a

niobium price of $45/kg , a CDN$1.05 value of the U.S. dollar and 100%

ownership by IAMGOLD.

Conduct Governed by Zero Harm Framework

24 Highest standards of corporate social responsibility

Highest

standards in

Health and

Safety

Partnering with

Host

communities

Minimizing

Environmental

Footprint


Appendix

11.9

14.0

2009 2010

Proven and Probable Reserves

Attributable Gold Reserves and Resources

26

Mil

lio

n o

un

ce

s

16.5

18.1

2009 2010

Measured & Indicated Resources1

8.1 7.2

2009 2010

Inferred Resources

Milli

on

ou

nc

es

Milli

on

ou

nc

es

1M&I Resources include Reserves

Reserves and Resources (contained ounces) for continuing operations. Mupane, Tarkwa & Damang sold in 2011.

Rosebel Gold Mine

27

1 Reserves as at Dec. 31, 2010 2 M&I Resources include Reserves, as at Dec. 31, 2010 3 Cash cost includes royalties

Suriname


P&P Reserves1 (000 oz)

M&I Resources2 (000 oz)

Inferred Resources (000 oz)

5,892

7,531

609

Q3’11 YTD Head Grade 1.0 g/t

Q3’11 YTD Recovery 94%

Q3’11 YTD Attributable Production (000 oz)

2010 Attributable Production (000 oz)

281

395

Q3’11 YTD Cash Cost3 $622 /oz


Essakane Gold Mine

28


Burkina

Faso





4,015

4,351

1,503

Q3'11 YTD Head Grade 1.6 g/t

Q3'11 YTD Recovery 96%

Q3'11 YTD Attributable Production (000 oz)


243

122

Q3'11 YTD Cash Cost3 $513 /oz


Sadiola Gold Mine

29

Mali






2,297

3,481

991

Q3'11 YTD Head Grade 1.9 g/t

Q3'11 YTD Recovery 95%

Q3'11 YTD Attributable Production (000 oz)


93

118

Q3'11 YTD Cash Cost3 $755 /oz

Remaining Mine Life (with sulphides) (E) 8+ years

Niobium Reserves and Resources

30

181.3 243.8

2009 2010

Proven and Probable Reserves

Co

nta

ine

d N

b2O

5 (M

Kg

)

181.3 243.8

2009 2010 PEA - 2011

Measured & Indicated Resources*

Co

nta

ine

d N

b2O

5 (M

Kg

)

1,927.4

2009 2010 PEA - 2011

Inferred Resources

316.3

1M&I Resources include Reserves

NI 43-101 Compliant Preliminary Economic Assessment – June 2011

219.1

Co

nta

ine

d N

b2O

5 (M

kg

)

1,240.4

2012 Guidance (000s ounces)

Rosebel

Essakane

370-395

320-345

Mines owned and operated by IAMGOLD 690-740

Sadiola and Yatela 150-170

Total Production 840-910

Cash Costs ($/oz) $670-695

Niobium Production (MKg) 4.6-5.1

Niobium Operating Margin ($/kg) $15-17 /kg

2012 Guidance

31

Attri

buta

ble

gold

pro

duction

Management Team

32

Michael Donnelly Senior Vice President, Exploration

Benjamin Little Senior Vice President, Corporate Affairs

Paul Olmsted Senior Vice President, Corporate Development

Jeffery Snow Senior Vice President & General Counsel

Lisa Zangari Senior Vice President, Human Resources

Denis Miville-Deschênes Senior Vice President, Project Development

Steve Letwin President & Chief Executive Officer

Gordon Stothart Executive Vice President &

Chief Operating Officer

Carol Banducci Executive Vice President &

Chief Financial Officer

Bob Carreau Senior Vice President, Health, Safety & Sustainability


INVESTOR RELATIONS Bob Tait, VP Investor Relations T: 416 360 4743 C: 647 403 5520

Laura Young, Director, Investor Relations T: 416 933 4952 C: 416 670 3815

401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada 1-888-464-9999 www.iamgold.com

Maximizing Returns for Investors CIBC 2012 Whistler Institutional Investor Conference

January 20, 2012

Documents

Maximizing Returns for Investors...CIBC 2012 Whistler Institutional Investor Conference January 20, 2012 . Cautionary Statement This presentation contains forward-looking statements